Grayscale Updates Smart Contract Fund Holdings with 7 Assets

• Grayscale Smart Contract Fund updates holdings, including Ethereum, Solana, Cardano, Avalanche, Sui, Near, and Polkadot, with a market cap-weighted structure.
• The fund rebalances quarterly, capping each asset at 30%, reflecting Grayscale’s adaptive strategy and growing interest in emerging blockchain platforms.

Grayscale has recently revised its smart contract fund holdings. Seven main smart contract blockchains—Solana, Ethereum, Cardano, Avalanche, Sui, Near, and Polkadot—make up the new portfolio. Every asset in the fund will be rebalanced quarterly using a market capital-weighted methodology with a cap of 30% per asset.

Market Trends or Strategic Move? Solana Takes the Lead

Grayscale did not treat this money lightly. Now with 31.30%, Solana is the biggest portion, somewhat ahead of Ethereum at 31.22%. Avalanche receives 7.26%; Cardano follows with 18.23%. On the other hand, newcomers like Sui enter with 6.50%, Near 2.95%, and Polkadot 2.54%.

Source: Grayscale on X

This development really begs the issue: is Solana becoming a more appealing asset than Ethereum in Grayscale? Alternatively, is it only a mirror of the moves in the market? All the same, this choice shows that Grayscale is adaptable and sensitive to industry changes.

Pyth Trust and Dogecoin Trust: A Strategic Expansion?

CNF had earlier reported that Grayscale unveiled Pyth Trust, a single investment instrument exposing the PYTH token. For around 90 blockchains, Pyth Network itself serves as a real-time price data supplier. Stated differently, this project is a vital infrastructure in the crypto ecosystem rather than only a token.

Furthermore, Grayscale also launched Dogecoin Trust early in February 2025. Given that Dogecoin has lately been more renowned as a meme coin than a major investment tool, this action was very unexpected. With this confidence, though, DOGE now receives greater validation from big universities, indicating that its attraction goes beyond the community to also reflect the possibility for long-term value.

Strong Demand Persists Despite Crypto Challenges

With total assets under management of $3.27 million, the Net Asset Value (NAV) per share for this smart contract fund comes out to be $10.58 numerically. 309,400 is the recorded total of outstanding shares. This information reveals that demand for digital assets is still strong even if the crypto sector keeps having difficulties.

Moreover, the makeup of this fund might also be a clue to market mood. Given Solana’s growing share, Grayscale might find more possibilities in this network than in past times.

Grayscale Explores Broader Opportunities

Based on Grayscale’s movement trends in recent months, it seems as though the company is growing more aggressive in broadening the scope of investment. While Dogecoin Trust offers the avenue for further speculation, Pyth Trust concentrates on blockchain data infrastructure and now their smart contract fund reveals a change in approach in choosing more interesting projects.

However, the most important question still is how large of a change in the price and acceptance of every asset this rebalancing will cause. Should other asset hodlers get ready for the next change?

Grayscale is unquestionably unpredictable, they always have new surprises ready for us; 2025 seems to be a year full of unanticipated actions.

Source